BAGEL DELI IN MALL BGL288

Price: $139,000

Location: Ocean County, New Jersey

Industry: Bagel

Listing ID: bgl288

Wonderful business opportunity to own this modern Bagel & Deli business in an active commercial mall with high volume traffic and lots of private parking. The sale is due to the owner’s semi-retirement and the price has been set most aggressively with owner financing available. This 1,850 square foot Bagel & Deli business is in an active area of Ocean County, NJ, produces 60% breakfast and 40% lunch. This profitable seven-day business operation produces a consistent gross yearly income of $400,000 plus, which consists of seller discretionary income and a dependable net income to the owner operator. This Bagel shop has fresh quality products with a fully equipped commercial high production kitchen for its water bagel products. Based on the asking price, required down payment and net income this business is projected to continue to supply a solid return on investment to the owner operator prior to debt service. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate other than the standard municipal licenses.

Listing Details

Revenue: $450,000

Cash Flow: $85,000

FFE: $85,000 (Included in Price)

Inventory: $2,000 (Included in Price)

Reason For Sale:

The sale is due to the owner is semi-retirement, out of the state of New Jersey.

Training & Support:

If required the owner will remain after-closing and is prepared to supply an appropriate training period to the new operator.

Summary

Owner Qualifications:

For Qualifications purposes, this industry does not require government licensing approval to purchase or operate other than the standard municipal licenses.

Competition:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

 

Potential Growth:

The business presently has a limited marketing plan, no local advertising, poor non optimized web site and if improved can further develop the business yearly gross sales. Due to the location and capacity, this company can offer wholesale products and catering representing an additional income.

Ron Cervelli

contactus@regalconsultants.com

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